Tag: Asian markets

Asian markets rise on trade hopes, weak yen

HONG KONG, China (AFP) — Asian shares were mostly up Tuesday as investors watched key US-China trade talks aimed at averting punitive tariffs which could slow the global economy, and a weak yen boosted exporters. Markets were also lifted by a tentative deal to avert a new government shutdown. Initial trade talks are under way in Beijing, and top-level negotiations are set for Thursday and Friday, as the deadline looms for a deal to prevent […]

Asian markets sluggish before crunch trade talks

HONG KONG, China (AFP) — Trade uncertainty weighed on Asian stocks Monday, at the start of a week that sees crunch China-US talks take place in Beijing aimed at averting fresh tariff escalations. Mainland Chinese markets reopened from their week-long Lunar New Year break to renewed concerns over the trade row and a series of bearish global growth forecasts. Top US economic officials travel to the Chinese capital this week for the third round of […]

Most Asian markets rise ahead of China-US trade talks

HONG KONG, China (AFP) — Asian markets mostly rose Thursday as regional investors began to return from their Lunar New Year break, though Tokyo edged lower after a negative lead from Wall Street. Most trading floors have reopened but business remains light, with Hong Kong and Shanghai still closed, while focus turns on the resumption next week of China-US trade talks in Beijing. The two sides will try to hammer out a deal to resolve […]

Asia markets up after strong Wall St lead

HONG KONG, China (AFP) — Shares in Tokyo and Sydney rose Wednesday in another holiday-thinned trading day as investors tracked a positive lead from Wall Street but there was little movement after Donald Trump’s State of the Union address. With most of the region off for the Lunar New Year break there were few catalysts to drive business. Trump’s annual address touched on a number of issues including the China trade war, North Korea, the […]

Asian markets end week on a strong note

HONG KONG, China (AFP) — Asian markets rose Friday putting them on course to end a shaky week on a positive note as investors look ahead to crucial trade talks between China and the United States at the end of the month. Small signs of a break in the impasse on Capitol Hill also provided some hope, with Democrats and Republicans meeting to end the month-long government shutdown that is taking its toll on the […]

Asian markets rise as investors track trade talks, US shutdown

HONG KONG, China (AFP) — Asian markets rose Thursday as investors try to ascertain the state of play in the China-US trade row, while the pound edged higher on optimism Britain will not crash out of the European Union. However, the US government shutdown continued to rankle, with Democrats and Donald Trump digging their heels in over the president’s border wall budget demand, while a White House official warned it could hammer the world’s top economy. […]

Asian markets swing as dealers battle uncertainty

HONG KONG, China (AFP) –Asian markets fluctuated Wednesday following a negative lead from Wall Street as investors grow nervous about the chances of success in China-US trade talks ahead of a crunch meeting next week. The mood remains cautious, with the rally that has characterized the start of the year stuttering owing to a slowing Chinese economy, a softer global outlook and other issues including Brexit and the US government shutdown, which shows no sign […]

Asian markets hit by profit-taking, more weak China data

HONG KONG, China (AFP) — Hong Kong led a sell-off across Asian markets Monday as profit-takers moved in following a six-day rally, while dealers were also spooked by another disappointing batch of weak economic data out of China. With few catalysts to drive buying, equities were ripe for selling after last week’s healthy gains, with the US government shutdown — now in its fourth week and showing no sign of ending soon — instilling a […]

Asian markets in retreat after week-long rally

HONG KONG, China (AFP) — Hong Kong led a sell-off across Asian markets Monday as profit-takers moved in following a six-day rally, while traders look ahead to the release of corporate earnings. With few catalysts to drive buying, equities were ripe for selling after last week’s healthy gains, with the US government shutdown — now in its fourth week and showing no sign of ending soon — instilling a sense of unease. Also on the […]

Asian markets enjoy another rally as China-US trade hopes bloom

HONG KONG, China (AFP) — Increasing optimism that China and the United States will be able to hammer out a deal to help ease their trade war provided the impetus for more gains across Asian markets on Wednesday. After taking a battering in December and suffering a shaky start to 2019, confidence is slowly returning to equity trading floors, though dealers remain on edge. Federal Reserve boss Jerome Powell provided the platform for a rally […]

Most Asian markets rise as optimism returns, eyes on trade talks

HONG KONG, China (AFP) — Asian markets mostly rose Tuesday with a little more optimism in the air than in recent weeks as China and the US hold trade talks and the Federal Reserve flags a more dovish stance. Wall Street provided another positive lead, extending Friday’s surge, with Chinese monetary easing at the weekend adding to the buying sentiment. Focus is now on Beijing, where Chinese and American officials were holding a second day […]

Asia markets rally after Wall St surge as US-China trade talks begin

HONG KONG, China (AFP) — Asian markets rallied Monday after a blockbuster performance on Wall Street as US jobs data beat forecasts and the head of the Federal Reserve hinted at a slower pace of interest rate hikes. China’s move to make it easier for banks to lend also provided support to equities, while investors keep an eye on Beijing as negotiators begin talks to end a trade war between the world’s top two economies. […]